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LIC IPO PROCESS
NSE to file IPO by this week? IFCI shares rally 8% to record high; LIC, SBI, other stocks rise up to 2%IFCI shares surged to a fresh 52-week high amid expectations that NSE could file its IPO papers this week. Investors cheered IFCI's indirec...
Govt plans up to 2% LIC stake sale, may raise Rs 10,000 croreThe government plans to sell up to a 2% stake in LIC, potentially raising Rs 10,000 crore. This move aims to deepen public shareholding ami...
SC refuses to stay LIC IPO process, issues notice to centreThe government had by way of an amendment to the 2021 Finance Act decided to trade 5% shares in the open market through an IPO. This was ch...
How LIC policyholder can apply for IPOPolicyholders who have linked their PAN to their LIC policies and have demat in their name are eligible to invest in the IPO under the poli...
LIC IPO: SBI, ASBA designated bank branches to remain open this Sunday, accept IPO applicationsTo assist the processing of applications for the LIC IPO, the RBI instructed all Application Supported by Blocked Amount (ASBA) approved ba...
SBI offers loan to LIC employees to invest in IPOAccording to the SBI website, all employees with one year of confirmed service are eligible to apply for the loan. They can avail loan up t...
LIC hires Reliance-Nippon’s Sunil Agarwal as CFO ahead of IPOAgarwal, a chartered accountant and a long-standing finance executive who worked with two major life insurance companies in the past, will ...
How to link PAN with LIC policy to invest in LIC IPOTo be able to be eligible to apply for the shares in LIC's IPO as an existing policyholder, it's important to make sure certain details are...
Can an LIC policyholder with lapsed policy apply for discounted IPO shares?To be eligible for reservation under the Policyholder Reservation Portion category, the policy should have been issued on or before the dat...
Finance Minister Nirmala Sitharaman reviews progress on planned mega LIC IPOLIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for current fiscal (April-March). So far this fiscal, Rs 9,3...
LIC valuation delay may push IPO plan beyond FY22; govt confident of issue this fiscalDIPAM Secretary Tuhin Kanta Pandey later in a tweet expressed confidence that IPO plans of LIC is on course and it would happen in the Janu...
Law firms bid to work on India's LIC IPO as government sweetens termsLIC’s IPO plans have attracted a lot of interest from investment bankers and the government has chosen 10 investment banks to work on it.
LIC chief’s term extended to shepherd largest IPOThe IPO of LIC is crucial for the government to achieve its divestment target of Rs 1.75 lakh crore in FY22 as announced in the budget by f...
Govt gets in on the act to prepare LIC for FY22 listingThese statutory amendments, made public in the Finance Bill on Monday after the budget, will enable the life insurer to comply with key lis...
Government evaluates option to list LIC abroadThe government has already announced its intent for an initial public offer (IPO) by the insurance giant, while also amending the Companies...
LIC IPO may not come this year, says report“Even if one is appointed now, it may take six to eight months for the valuation to be done, given huge land assets of the state-owned insu...
Edelweiss voluntarily withdraws from LIC pre-IPO transaction advisor selectionIt had gone through the three-stage process and was among the five finalists, of which two would be selected. The other companies that are ...